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20121228
20121228
Search Results 0 to 8 of about 9 (some duplicates have been removed)
that is how long congress will have to avoid going over the fiscal curve on sunday night. >> if we go over the cliff, mr. president, the house of representatives as we speak with four days left after today with the first of the year, aren't here. i can't mamg they are out wherever they r and we are here trying to get something done. >> president obama called leaders last night and tomorrow afternoon we will meet with the speaker and mix mcconnel and harry reid to see if they can avoid going off the fiscal curb on january 1st. today harry reid emphasized that there is ome one reason why they are unable to reach an agreement so far. >> this has been going on for years. they cannot cross over the threshold. people are not propose iing mak the taxes like them. john boehner could not even pass the tax proposal he passed over there. he said no, can't do that. didn't he bring it up for a vote? >> tonight, speaker boehner's office put out this statement. >> joining me now are our guests. clearly the positioning game continues. harry reid saying we did our job months ago. do you think we til would
's not terribly encouraging. the president as you reported is flying back to washington last night and some members of congress are coming back earlier than others. there will be some meetings here, there have to be some meetings between the principals and the president. there are a couple of options in the last couple of days even though it seems like five days is terribly, terribly short. there shall bills floating out there to keep tax rates where they're at for people making $250,000 and below. that could slide around. there's a senate bill that floats around. there's the president's offer which could still be amended. option 3, of course. is to go over the cliff and fight this out on january 1. >> warner: are there any meaningful back-channel negotiations going on? >> leadership aides on both sides say the channels have been open even during the christmas break. when the president called senator mcconnell and others last night, senator mcconnell made clear to say that's the first time he's talked to a democrat since thanksgiving. now that sounds like they haven't been talking at all bu
of the year. you're betting on congress which is absurd. why would you bet on congress? i don't care if they convene sunday night at 6:00. you going to bring the senate back at 2:00 a.m. to reject their bill. there has been no market pressure on this congress, and until there is, there will be no deal which means we go a lot lower before they ever come across the aisle to make a deal and solve this issue. >> but we don't know exactly what is going to happen in the new year, right, and isn't it a big risk? if you go into cash now, liquidate, go into cash and there's a big real, and we're off to the races again? >> you know, that -- again, that is -- i have a very hard time with the got to be in all the time to miss a rally opportunity. look, odds are there's going to be volatility, and we even saw it this year. the market ends, you know, a nice strong year, but there was opportunity to buy weakness during the year, so if -- look, if miraculously they come out and there's a huge deal and you are cash heavy, as i am, will i be, you know, clamoring to put that money to work to try to cha
members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, treasury secretary timothy geithner warned congress that the nation's debt limit will be reached by december 31st and extraordinary measures would have to be taken to avoid default on the government's loans. danielle nottingham, cbs 5, washington. >> tomorrow's meeting with the president will be the first time president obama sat down with all four leaders since november 16th. and tonight, senator mitch mcconnell said that he was interested in hearing what the president proposes, elizabeth. >> sounds like right now there's a lot of finger- pointing but not a lot of problem-solving. >> reporter: exactly. and both sides again today, house speaker john boehner, he was saying that to his house republicans on the conference call he said, look, the house has already acted on this problem. it's passed two bills. it's up to the senate to actually present some legislation and move on it. he said the house is more than willing to act on anything t
of protection overnight, and more beautiful mornings. ♪ pampers. peaceful nights. playful days. . >>> all eyes on washington, d.c., specifically the white house. four top leaders, four top ranking members in congress meeting with the president right now. we've got some details from our chief white house correspondent jessica yellin who said moments ago that the president is meeting with timothy geithner. the president has asked to raise taxes on those making $250,000 or more. and if the other side does not have a counter proposal, then he will is ask for an up or down vote in the house and senate. there you go. as soon as they come out, they will step up to the microphones and you will get it right here on cnn. you will be the first to know. >>> if you were putting together a list of the top 2012 moments, there were compelling moments inside and outside the campaign that made indelible marks. here are the top ten from our chief correspondent candy crowley. >> reporter: it's like finding your favorite grain of sand on the beach. there are moments when catch phrases become boomerangs. >> if you'
screwed by congress not being able to do their job. >> erick, want to play something that charles said last night and got reaction from you. >> he's been using this -- and i must say with great skill and ruthless skill and success to fracture and basically shatter the republican opposition and his objective at the beginning was to to create an internal civil war and he's done that. >> do you think the president is responsible for creating a civil war in the republican party? sorry, erick. >> i think to a degree he is although i think john boehner has more on that having cut the deal to raise taxes on $1 million or more. the republicans have had to hold this line. they would have opened them up to bigger fractures. yes, to a certain degree i think charles is right. >> the president won by winning re-election. that's what happened. he won. >> that does tend to happen after you lose a presidential election. yes. >> let me get you both to this. this is probably the last time i'll talk to you between now and 2013. so i need you to say -- you cannot say the president or mitt romney in the an
Search Results 0 to 8 of about 9 (some duplicates have been removed)